United Cotfab reports FY26 revenue growth, profit decline

[United Cotfab Limited](united cotfab) reported its audited standalone financial results for the year ended March 31, 2026, showing a rise in revenue but a decline in net profit. The company's revenue from operations increased to ₹15,468.29 lakh in FY26 from ₹12,530.48 lakh in FY25. However, profit for the period fell to ₹171.20 lakh compared to ₹274.60 lakh in the previous year. The board approved the results during a meeting held on May 29, 2026.

Financial Performance

The total income for the year stood at ₹15,949.15 lakh, up from ₹12,585.17 lakh in the previous year. Total expenses also rose to ₹15,404.36 lakh from ₹12,198.32 lakh. The basic earnings per share (EPS) for FY26 were reported at ₹2.17, compared to ₹1.72 in FY25.

Metric	FY26 (₹ in Lakh)	FY25 (₹ in Lakh)
Revenue from Operations	15,468.29	12,530.48
Total Income	15,949.15	12,585.17
Total Expenses	15,404.36	12,198.32
Net Profit	171.20	274.60
Basic EPS	2.17	1.72

Key Developments

The board approved the appointment of M/s. M.I. Prajapati & Associates, Cost Accountants, as cost auditors for the financial year 2026-27. Additionally, the board took note of the resignation of Mr. Praveen Kumar Singh from the post of Company Secretary and Compliance Officer.

Auditor's Observations

The statutory auditor, M/s. Rajiv Shah & Associates, issued an unmodified opinion on the financial statements. The auditor drew attention to an emphasis of matter regarding a search conducted by the Income Tax Department under Section 132 of the Income Tax Act, 1961, on December 09, 2026, during which cash amounting to ₹3,00,636.43 was seized. The company stated it had not received any communication from the department as of the date of the financial statements. The auditor also noted that the audit trail feature in the accounting software was not maintained throughout the year for all transactions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.74%	-1.94%	-10.62%	-20.62%	-36.93%	-78.83%

United Cotfab Limited has notified the stock exchange of the resignation of Mr. Praveen Kumar Singh from the post of Company Secretary and Compliance Officer, with effect from the close of business hours on May 12, 2026. The intimation was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was communicated to BSE Limited on May 14, 2026.

Key Details of the Resignation

The following details have been disclosed by the company as required under Regulation 30 of SEBI LODR Regulations:

Parameter:	Details
Name of Officer:	Mr. Praveen Kumar Singh
Designation:	Company Secretary & Compliance Officer
Membership No.:	A54773
Date of Cessation:	Close of business hours, May 12, 2026
Reason for Resignation:	To pursue career opportunity outside the company

Background

In his resignation letter dated May 12, 2026, addressed to Managing Director Mr. Gagan Mittal, Mr. Singh cited personal reasons for his departure. He also resigned from all other statutory and designated positions held within the company. Mr. Singh expressed gratitude to the Board of Directors, Chief Financial Officer, Senior Management, and colleagues for their support and cooperation extended during his tenure.

The company, in its exchange filing, acknowledged Mr. Singh's contributions during his tenure and extended best wishes for his future endeavours. The intimation was signed by Gagan NirmalKumar Mittal, Chairman and Managing Director of United Cotfab Limited.